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 Video: What is a Stock Split?
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| SMART Global Holdings is a holding company. Through its subsidiaries, Co. designs and manufactures electronic products. Co.'s Memory Solutions group provides memory solutions and SMART Supply Chain Services to enable customers manage supply chain planning and execution. Co.'s Intelligent Platform Solutions group consists of: Penguin Computing, which provides platform solutions for high-performance computing, artificial intelligence, machine learning and modeling for technology research; and Penguin Edge, which provides solutions for embedded and wireless applications. Co.'s LED Solutions group provides LED-based products for lighting, video screens and other lighting applications. According to our SGH split history records, SMART Global Holdings has had 2 splits. | |
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SMART Global Holdings (SGH) has 2 splits in our SGH split history database. The first split for SGH took place on November 01, 2001. This was a 10894 for 10000 split, meaning for each 10000 shares of SGH owned pre-split, the shareholder now owned 10894 shares. For example, a 1000 share position pre-split, became a 1089.4 share position following the split. SGH's second split took place on February 02, 2022. This was a 2 for 1 split, meaning for each share of SGH owned pre-split, the shareholder now owned 2 shares. For example, a 1089.4 share position pre-split, became a 2178.8 share position following the split.
When a company such as SMART Global Holdings splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SGH split history from start to finish, an original position size of 1000 shares would have turned into 2178.8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SMART Global Holdings shares, starting with a $10,000 purchase of SGH, presented on a split-history-adjusted basis factoring in the complete SGH split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/25/2017 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$6.75 |
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| End price/share: |
$22.94 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
239.85% |
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| Average Annual Total Return: |
22.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33,978.43 |
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| Years: |
6.02 |
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| Date |
Ratio |
| 11/01/2001 | 10894 for 10000 | | 02/02/2022 | 2 for 1 |
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